FxLifestyleTrade has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The platform at FxLifestyleTrade is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about eight months of dealing with this, I have had enough.
Pros: Helpful community forum|Smooth onboarding|Easy withdrawals
Cons: Currency conversion fee exists
After for close to eighteen months with FxLifestyleTrade I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Real-time alerts|Intuitive for beginners
Cons: Could offer more webinars
FxLifestyleTrade advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Easy to use platform|Social trading features|Personal attention|Regular platform improvements
Cons: Help articles are sometimes vague
FxLifestyleTrade locked my account without warning and demanded documents I had already submitted. for over three years later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Full transparency|Detailed reporting|Clean UI|Good mobile app
Cons: No fractional shares|Minimum deposit could be lower
I gave FxLifestyleTrade a fair chance. After since I retired last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Multi-currency support|Quick verification|Tax reports included
Cons: Could offer more webinars|Mobile app could be improved